Provider Profiles
Vanguard Institutional Advisory Services
| Profile | |
| Business Model§ | Proprietary/non-proprietary |
| Year Entered Into OCIO Business | 1997 |
| No. of Relationship Managers/Salespeople | 19 |
| No. of OCIO Portfolio Managers | 45 |
| OCIO % of Total Firm Revenue | 100% |
| No. of Clients, Full Discretion | 1162 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $52.3b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $14.2b |
| 401(k), 403(b), Other DC | $258mm |
| Endowments/Foundation | $23.5b |
| Healthcare Pools (Board designated, funded depreciation) | $14.2b |
| Other | $107mm |
| Portfolio Construction |
| These convictions inform our investment advice: 1. Strategic Asset allocation is the primary portfolio decision. 2. Broad diversification is critical. 3. Long-term success requires strategic discipline 4. Active management and private markets (if appropriate) can be additive 5. strong financial and fiduciary controls. While we believe balance, discipline, and cost consciousness are hallmarks of successful investment programs, we work with clients in many ways to achieve their unique needs in a creative fashion for both long-term and short- term portfolios. Our firm focuses on each client's unique investment goals and risk profiles and needs, and strives to produce the most appropriate solutions to those specific needs." |
| §OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. Other: OCIO Platform is something other than the 4 types listed above. |